Bond measures
Facilities bonds support school facilities. In November 2019, local voters passed CUSD Measure M by 55.07%, in excess of the 55% required by State law. In November 2024, local voters will have CUSD Measure K on their ballots – see additional information on Measure K.
Measure M allowed CUSD to continue with an ongoing series (e.g., Measure S) of district-wide facilities improvements (e.g., construction, modernization, repairs, and equipment) by authorizing the issuance of up to $99 million in bonds at a tax rate of about $52 per $100,000 of assessed property value, to be repaid over a 40-year period, and with annual audits and independent citizen oversight. California law does not allow exemptions for seniors and others for facilities bonds.
Annual reports and construction updates are also available.
Cunha water infiltration legal settlement
On October 13, 2022, as a result of funds CUSD received in settlement of legal proceedings from a case pertaining to water infiltration at Cunha Intermediate School, the CUSD Governing Board passed a resolution to establish a ‘Special Reserve Fund For Capital Outlay Projects’ (Fund 40), to be used only for the accumulation of General Fund monies for capital outlay purposes, pursuant to Education Code Section 17462. Financial transaction reports relating to this settlement are available for Fund 21 and Fund 40; both funds are reported regularly in our financial reports.
Last updated: August 30, 2024